Nonprofit · EIN 86-1421679
MICHAEL & ROBIN LALLY FOUNDATION CORP
Tax-exempt · CLEARWATER, FL 33756
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $319,081 | $302,977 | $16,104 | $337,905 | $42 | $337,863 |
| December 31, 2024 | 990-PF | $91,610 | $387,746 | -$296,136 | $328,723 | $0 | $328,723 |
| December 31, 2023 | 990-PF | $391,766 | $429,588 | -$37,822 | $615,510 | $0 | $615,510 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Dividends
- $3,458
- Interest
- $3
- Net gain from sales of assets
- $315,620
Expenses
- Grants and similar amounts paid
- $247,310
- Salaries, compensation and benefits (total)
- $28,598
- Disbursements for charitable purposes
- $287,376
- Excise tax on investment income
- $4,435
Balance sheet and other
- Total assets, start of year
- $328,723
- Total assets, end of year
- $337,905
- Total liabilities, end of year
- $42
- Net assets, end of year
- $337,863
- Fair market value of assets
- $906,043
- Qualifying distributions
- $287,376
- Net investment income
- $319,081
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | Vice-President | 1 | $0 |
| Robin Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | President/Treasurer | 6 | $0 |
| Doris Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | Secretary | 1 | $0 |
990-PF for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | Vice-President | 1 | $0 |
| Robin Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | President/Treasurer | 6 | $0 |
| Doris Lally 1180 Ponce De Leon Blvd, Clearwater, FL 33756 | Secretary | 1 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL LALLY 1180 PONCE DE LEON BLVD, CLEARWATER, FL 33756 | VICE PRESIDENT | 1 | $0 |
| ROBIN LALLY 1180 PONCE DE LEON BLVD, CLEARWATER, FL 33756 | PRESIDENT/TREASURER | 6 | $0 |
| DORIS LALLY 1180 PONCE DE LEON BLVD, CLEARWATER, FL 33756 | SECRETARY | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1180 PONCE DE LEON BLVD STE 301, CLEARWATER, FL 33756-1014
- In care of
- % ROBIN LALLY
- Signed the 990-PF
- Robin Lally, President/Treasurer
- Phone
- (513) 324-5230
- Return prepared by
- Joel E Berman CPA PA
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 86-1421679
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private operating foundation
- Donations deductible (Pub 78)
- Private operating foundation, 50% limit
- Exempt since
- 2021
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T23)
- Assets (IRS master file)
- $337,905
- Income (IRS master file)
- $512,879
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $319,081 | $302,977 | $337,905 | XML |
| 990-PF | December 2024 | $91,610 | $387,746 | $328,723 | XML |
| 990-PF | December 2023 | $391,766 | $429,588 | $615,510 | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about MICHAEL & ROBIN LALLY FOUNDATION CORP
- What is the EIN of MICHAEL & ROBIN LALLY FOUNDATION CORP?
- The employer identification number (EIN) of MICHAEL & ROBIN LALLY FOUNDATION CORP is 86-1421679.
- Is MICHAEL & ROBIN LALLY FOUNDATION CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to MICHAEL & ROBIN LALLY FOUNDATION CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private operating foundation, 50% limit).
- Which annual return does MICHAEL & ROBIN LALLY FOUNDATION CORP file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MICHAEL & ROBIN LALLY FOUNDATION CORP due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MICHAEL & ROBIN LALLY FOUNDATION CORP last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of MICHAEL & ROBIN LALLY FOUNDATION CORP?
- The 990-PF for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does MICHAEL & ROBIN LALLY FOUNDATION CORP have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $319,081, expenses of $302,977 and total assets of $337,905 at year end.
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All nonprofits in CLEARWATER · Florida · Philanthropy, voluntarism and grantmaking foundations